GBP$ ending NorAm 0.16% at 1.2073, NorAm range 1.2105-1.2011

Extreme 94 pip move in early NorAm highlights low liquidity into year-end

After early 2022 strength on BoE rate hikes GBP$ ending 2022 -10.7%

FTSE 100 ekes out +1.2%, but with UK inflation real return negative

GBP likely to remain under pressure in '23 owing to inflation-growth angst

GBP$ supt by 1.20 into YE, below Dec 22s 1.1993 low, Nov 30 low 1.19 in view

Res at 1.2105 Friday's high, then 21-DMA by 1.2165

Fed, BoE in focus in 2023, more hawkish Fed will keep pressure on GBP